Volumes jump at Aksharchem India counter

Sundaram Finance, Geometric, G M Breweries and GAIL (India) are among the other stocks to see a surge in volumes on BSE today, 4 April 2016.

Aksharchem India clocked volume of 6.65 lakh shares by 13:40 IST on BSE, a 184.34 times surge over two-week average daily volume of 4,000 shares. The stock jumped 8.51% at Rs 182.30.

Sundaram Finance notched up volume of 1.16 lakh shares, a 9.27-fold surge over two-week average daily volume of 13,000 shares. The stock declined 0.59% at Rs 1,268.50.

Geometric saw volume of 17.73 lakh shares, a 7.2-fold surge over two-week average daily volume of 2.46 lakh shares. The stock surged 18.49% at Rs 232.25 after HCL Technologies signed definitive agreement with the company to acquire Geometric's business. HCL Technologies announced an agreement for the acquisition by way of demerger of the entire business of Geometric, except for the 58% stake that Geometric owns in the joint venture-3DPLM Software Solutions, with Dassault Systemes. The separate announcements were made by HCL Tech and Geometric on Saturday, 2 April 2016.

G M Breweries clocked volume of 71,000 shares, a 4.02-fold surge over two-week average daily volume of 18,000 shares. The stock spurted 12.45% at Rs 1,092.50.

GAIL (India) saw volume of 3.92 lakh shares, a 3.41-fold rise over two-week average daily volume of 1.15 lakh shares. The stock skidded 0.33% at Rs 346.50.

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